Origin Agritech Limited (NASDAQ:SEED) Short Interest Update

Origin Agritech Limited (NASDAQ:SEED) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totalling 19,200 shares, a decline of 23.2% from the June 30th total of 25,000 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 51,000 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Origin Agritech in a research note on Thursday, July 18th. They issued a “buy” rating for the company.

Origin Agritech Stock Performance

Origin Agritech stock remained flat at $3.09 during trading hours on Friday. 13,715 shares of the company’s stock traded hands, compared to its average volume of 29,559. Origin Agritech has a 52-week low of $1.37 and a 52-week high of $6.38. The firm’s fifty day moving average price is $4.70 and its 200-day moving average price is $3.63.

Origin Agritech Company Profile

Origin Agritech Limited, together with its subsidiaries, operates as an agricultural biotechnology in the People's Republic of China. The company engages in the development and distribution of seed products; and research on genetically enhanced breeding technologies in agricultural crops. Its products include corn, soybean, canola, and rice seeds.